Advisers of debt crunched real estate Moghul Evergrande Group and a group of its offshore bondholders have taken steps for debt negotiations, reported by Bloomberg News.
Evergrande’s advisers Houlihan Lokey Inc and Admiralty Harbour Capital and advisers of offshore bondholder Moelis & Co and Kirkland & Ellis signed non-disclosure agreements (NDA) in an attempt to engage in potential talks.
According to Bloomberg, the advisers are to exchange information with Evergrande including status of various projects, liquidity and asset valuation.
Reuter’s when reached to Evergrande and the advisers bonded in the NDA did not respond for comments.
Evergrande Group became the world’s most indebted real estate company with liabilities of more than $300 billion.